Middle East Electronic Security Market Outlook to 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 30, 2019--The “Middle East Electronic Security Market Outlook to 2022” report has been added to ResearchAndMarkets.com’s offering.
Electronic security industry in Middle East region is still in the growth stage and has registered positive a five year CAGR of during 2012-2017. The market size increased to almost USD 1 Billion.
The growth was mainly driven by implementation and amendments of regulatory compliance to use the electronic security by the government due to increasing security concerns. Technological innovations and increased focus on infrastructure development has also resulted in increase in demand of electronic security equipments. Digitization of manual work by use of artificial intelligence, better scanning, reduced interference of manpower, remote access and surveillance, and reducing price with advancement and adoption of technology has helped the market in achieving positive growth.
The manufacturers of electronic security in Middle East sell their products to end users through distributors and system integrators. The report focuses on discussing the competitiveness of both major manufacturers as well as system integrators present in the market.
The market is dominated by major global players although entrance of some other players especially from China has resulted in change in market dynamics. Different countries have different leading players in each segment of technology. Major multinational companies are among the top players in each country and the demand for their technologically advanced and latest products is the key source for their revenue. Commoditized products see a large competition with presence of many leading and small players from across the globe.
The market for electronic security in the region is estimated to grow with rising demand from end users in both commercial and retail sector. This market is primarily driven by video monitoring surveillance which will acquire majority of market share. The market will primarily grow due to requirements of surveillance cameras which have been made necessary by the government in various countries. Among the regions, central and northern region will drive majority of demand from the market in the future. Usage of analytics in surveillance and monitoring and remote or wireless access control and intrusion detection will key value add that is expected drive the market in future.
Key Segments Covered
By Monitoring and Surveillance
By Restricted Entry System
Key Target Audience
Time Period Captured in the Report:
Key Topics Covered
Electronic Security Equipment Manufacturers:
Bosch, Honeywell, Axis, Pelco, Hanwha Techwin, Hikvision, Avigilon, FLIR System, IndigoVision, Panasonic, and Arecont Vision
Restricted Entry System Manufacturers
Building Defense System, Gallagher Security, Cochrane, ASEC, Rapiscan Systems, Fast lane, Harris, Cam, and Kaba Doors
Group 5, G4S, SeedIS, and SSS Co.
For more information about this report visit https://www.researchandmarkets.com/r/25xed
View source version on businesswire.com:https://www.businesswire.com/news/home/20190430006009/en/
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Related Topics:Physical Access Control
KEYWORD: MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 04/30/2019 01:47 PM/DISC: 04/30/2019 01:47 PM